Shehadty

Shehadty can helps you determine if settling a certificate of deposit before maturity in favor of a higher interest rate certificate of deposite is profitable.

Calculates cumaltive interest rate.

Calculates breakeven period.

Calculates profit made (if applicable).

Calculates old interest rate of settled certificate.

This app is intended to help you calculate the interest rates as a guidance tool, any financials decisions are yours to bear.

• Input Parameters:
• 1. Certificate initial value.
• 2. Certificate interest percentage.
• 3. Certificate’s initial duration in years.
• 4. Date to certificate’s issuance date, to calculate how many months have passed since issuance to today’s date. You can enter it manually in number of months since issuing.
• 5. Settlement amount (amount lost) due to redeeming the certificate prematurely or percent deducted from interest gained. You can enter the settlement percentage (percent lost from interest gained) if you know your banks rate. In case you entered the settlement amount the settlement percentage will be calculated in results and vice versa.
• 6. New certificates interest rate.
• 7. New Certificate duration in years.
•  Results:
• 1. The settled amount or percent will be calculated based on your entry.
• 2. The New certificate value will be calculated.
• 3. The breakeven duration in months will be calculated.That’s how long it will take you to regain the money lost due to redeeming the certificate prematurely. When you start making profits over previous certificate if you left initial certificate as is. Highlighted in green if breakeven duration is less than remaining months of initial certificate to be redeemed.
• 4. The total percentage in the entirety of the duration will be calculated (actual old certificate duration plus new certificate duration).
• 5. The difference made between old and new certificate in total duration.
• 6. The interest percentage of old certificate after redeeming it prematurely taking into account settlement amount lost.

Privacy

This app does not collect, use, or share user data.

Support:

Input Parameters:

• When entering duration make sure to enter it as years not months.
• Enter percentage as is, e.g: twenty percent as 20, not 20% or 0.2.
• You can either input the issuance date of the certificate or enter the duration in months. When entering the date the number of months since issuance will be calculated. Note that the app to consider one month has passed the date has to be one day after the date. So if the issuance date is 22nd of May and today is 22nd of June the app will not register this as one day, it needs to be 23rd of June to consider one month has elapsed.
• The app calculates based on what is in the issuance date text field so incase you change it manually it will calculate based on the number of months you entered not the date you selected.
• The settlement amount is obtained from the bank, either from customer service or online through your account, once obtained you can select the amount in segmented selection and enter it.
• Incase you know the percentage you will lose from interest you can enter that percentage in text field and make sure to select percentage in segmented selection.
• The app calculates the settled percentage in the results incase you entered the amount, it also calculated the amount incase you entered the percentage.
• Note: Calculate button is only enabled when all input Fields are entered.

Result Parameters:

• The app calculates the settled percentage in the results incase you entered the amount, it also calculated the amount incase you entered the percentage. So you can use the percentage to for other certificates and diffrent months since issueing instead of going to the bank or going through the online Ebanking of your bank.
• The certificate new value is the old certificate value minus the settled amount lost to redeeming the certificate prematurely.
• The breakeven is calculated based on when you will start making profits after returning the loss made from the settled amount that was deducted.
• The breakeven is color coded such as if the breakeven period is less than initial certificate remaining period its colored green, else if it is greater or equal it is red.
• The reasoning behind the color coding of the breakeven period is if the breakeven period is greater than remaining intial certificate period, you are most likely better off earing your money sooner and perhaps buy another certificate of deposit with higher interest rate. The color coding is merely a suggestion and you should make a decision based on your predictions of future interest rates.
• The interest is calculated based on the entire interest made during both old and new certificates. So total profits divided by initial certificate value.
• The intial certifical interest percentage is the actual interest made after taking into account the settled amount during the initial duration.

Contact

• Email: ahmedshalaby80@yahoo.com
• Phone: +201227689111

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